**AIRCRAFT LEASE AGREEMENT** 

 **AIRCRAFT LEASE AGREEMENT** (this “**Agreement**”) dated May 16, 2008 (the “**Effective Date**”), by and
between **WHL MANAGEMENT LLC**, a California limited liability company (“**Lessor**”), and **WILLIAMS-SONOMA, INC.,** a California corporation
(“**Lessee**”). 

 **RECITALS** 

 **WHEREAS**, Lessor owns or rightfully possesses that certain **2007 Bombardier Inc. Model BD-700-1A11 “GLOBAL 5000”** aircraft, U.S.
registration number **N878HL**, and bearing manufacturer’s serial number **9261**, including its **ROLLS-ROYCE DEUTSCHLAND BR710A2-20** engines, serial numbers **12633** and
**12634** and all other appliances, avionics, parts, additions, appurtenances, accessories, instruments, components, systems, furnishings, and other items of equipment now installed thereon, and all flight manuals, log books and records required
by the United States Federal Aviation Administration (“**FAA**”), relating to said aircraft, engines, components and systems as further described in the Aircraft Delivery Receipt to be executed at acceptance by Lessee (collectively, the
“**Aircraft**”); and 

 **WHEREAS**, Lessee desires to dry lease the Aircraft
from Lessor on an exclusive basis and Lessor desire to so lease the Aircraft to Lessee. 

 **NOW,
THEREFORE**, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereto agree as
follows: 

 **AGREEMENT**